Rolls-Royce has announced a £150M investment in its Derby, Hucknall and Annesley plants, and will keep a facility open in Derby, in a move that will safeguard 7,000 jobs.
The investment, which will be made over the next few years, is part of Rolls-Royce’s ongoing industrial transformation and will provide additional capacity as the firm develops and tests the next generation of aero engines. The majority of the investment will provide a new facility for the testing of large civil aero engines in Derby, the home of Rolls-Royce’s civil aerospace division.
There will also be investment in Rolls-Royce’s large engine Maintenance Repair & Overhaul (MRO) facility in Derby, as well as in its manufacturing facilities in Derby and Hucknall, Nottinghamshire.
The firm has also committed to retaining the Precision Machining Facility (PMF) in Derby, which it previously announced would be closed.
Business Secretary, Greg Clark MP, said: “This announcement underpins the critical role the UK plays within the global aerospace sector. The UK and Rolls-Royce are known throughout the world as pioneers of advanced engineering technology. I welcome the confidence the company is showing in the UK. This is just the type of investment our modern Industrial Strategy is looking to attract. These new facilities are good news for Rolls-Royce, its UK suppliers and our economy.”
Source – UK Construction Online